$399,000
OPEN SAT 2PM - 3PM

1407 N Wells St Unit 3 Chicago, IL 60610

Old Town Neighborhood

Estimated payment $2,925/month

Total Views 794
2 Beds
1 Bath
800 Sq Ft
$499 Price per Sq Ft

Highlights

  • Popular Property
  • Wood Flooring
  • Patio
  • Lincoln Park High School Rated A
  • Balcony
  • Living Room

About This Home

Do you every dream of that warmly lit, cobblestone city courtyard that you only see in Europe or the movies? This is your opportunity to live that dream right in the middle of Old Town! This impeccably redone top floor unit is tucked into a sunny corner of a quiet courtyard that sits right off of Wells Street. The top floor is beautifully lit and features a new kitchen with stone countertops, white cabinets, stainless steel appliances and a stone backsplash. The unit features dark walnut stained hardwood floors through-out and brand new laundry in unit. A two-person balcony off the kitchen hangs over the peaceful courtyard. Gas heat with ductwork in place for AC - window unit (included) does the job for now! Location couldn't be better - Wells St. features shops, restaurants, and a bike lane to The Loop. Easy access to Lincoln Park, the zoo, the Lakefront Path, North Ave beach, and Lake Shore Drive. The unit is also a short walk to either the Division Red Line or the Armitage Brown Line. Investor friendly - would make an amazing rental property. Come see for yourself!

Listing Agent

Patrick Hechinger

Compass License #475185265 Listed on: 07/11/2025

Compass

Open House Schedule

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,390

Year Built

  • Built in 1997 | Remodeled in 2006

HOA Fees

  • $272 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 800 Sq Ft Home
  • 3-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 19 Units

Amenities

  • Common Area

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,390

Year Built

Built in 1997 | Remodeled in 2006

Lot Details

0

HOA Fees

$272 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Fee Simple
  • EntryLevel: 3
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1997
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: Historical District
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): Yes
  • Rehab Year: 2006
  • Rebuilt Year: 2006
  • Special Features: OpenHouse
  • Property Sub Type: Condos
  • Stories: 3
  • Year Renovated: 2006

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 800
  • Room Type: Balcony/Porch/Lanai
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Hardwood

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Balcony
  • List Price: 399000
  • Lot Features: Common Grounds
  • Patio And Porch Features: Patio
  • Roof: Rubber
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 272
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 6500
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 5390
  • Tax Year: 2023

Multi Family

  • Units in Building: 19

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,786 $59,807 $26,924 $32,883
2023 $10,506 $49,845 $26,582 $23,263
2022 $10,506 $49,845 $26,582 $23,263
2021 $11,280 $54,595 $26,582 $28,013
2020 $9,392 $40,810 $15,174 $25,636
2019 $9,204 $44,286 $15,174 $29,112
2018 $8,352 $44,286 $15,174 $29,112
2017 $10,453 $50,163 $12,139 $38,024
2016 $9,910 $50,163 $12,139 $38,024
2015 $9,640 $53,219 $12,139 $41,080
2014 $7,783 $42,864 $9,755 $33,109
2013 $7,627 $42,864 $9,755 $33,109
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 For Sale $399,000 0.0% $499 / Sq Ft
08/07/2024 08/07/24 Rented $2,495 0.0% --
07/20/2024 07/20/24 Under Contract -- -- --
07/20/2024 07/20/24 Off Market $2,495 -- --
07/13/2024 07/13/24 For Rent $2,495 0.0% --
06/16/2023 06/16/23 Sold $550,000 -8.3% $367 / Sq Ft
05/23/2023 05/23/23 Pending -- -- --
05/02/2023 05/02/23 For Sale $600,000 +9.1% $400 / Sq Ft
04/10/2023 04/10/23 Off Market $550,000 -- --
03/08/2023 03/08/23 For Sale $600,000 0.0% $400 / Sq Ft
06/16/2021 06/16/21 Rented -- -- --
05/14/2021 05/14/21 For Rent $2,200 0.0% --
06/24/2020 06/24/20 Sold $365,000 -2.7% $456 / Sq Ft
05/03/2020 05/03/20 Pending -- -- --
04/28/2020 04/28/20 For Sale $375,000 -27.2% $469 / Sq Ft
07/30/2018 07/30/18 Sold $515,000 -4.6% $343 / Sq Ft
06/08/2018 06/08/18 Pending -- -- --
05/30/2018 05/30/18 For Sale $540,000 0.0% $360 / Sq Ft
05/29/2018 05/29/18 Rented $2,300 0.0% --
04/09/2018 04/09/18 For Rent $2,300 +9.8% --
05/01/2016 05/01/16 Rented $2,095 0.0% --
04/12/2016 04/12/16 Off Market $2,095 -- --
04/05/2016 04/05/16 Price Changed $2,095 -4.6% --
03/07/2016 03/07/16 For Rent $2,195 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $550,000 None Listed On Document
Warranty Deed $515,000 Chicago Title
Quit Claim Deed -- Fidelity Natl Title Ins Co
Interfamily Deed Transfer -- None Available
Warranty Deed $435,000 Chicago Title Insurance Co
Contract Of Sale $435,000 None Available
Deed $250,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $440,000 New Conventional
Previous Owner $390,000 New Conventional
Previous Owner $412,000 New Conventional
Previous Owner $313,400 New Conventional
Previous Owner $336,000 Unknown
Previous Owner $358,000 Unknown
Previous Owner $348,000 Unknown
Previous Owner $230,000 Unknown
Previous Owner $35,000 Credit Line Revolving
Previous Owner $227,207 Unknown
Previous Owner $200,000 No Value Available
Closed $12,500 No Value Available
Source: Public Records

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12416544

Midwest Real Estate Data (MRED)

APN: 17-04-205-066-1005